POSTED: 05:14 p.m. HST, Sep 14, 2012
LAST UPDATED: 02:51 a.m. HST, Sep 15, 2012
State tax collections are up 11.9 percent through the first two months of the fiscal year, the state Department of Taxation reported Friday.
General excise and use taxes, the largest single category, are up 12.8 percent through August. Hotel-room taxes are up 12.2 percent. Individual income taxes are up 7.8 percent.
The state Council on Revenues has projected 4.9 percent revenue growth for the fiscal year that ends in June.